Business Finance
MGT 321 SEU Venezuela Under Hugo Chavez and Beyond Case Questions

MGT 321

Saudi electronic university

MGT

Question Description

Can you help me understand this Management question?

i want help with my Intro to International Business assignment

  • All students are encouraged to use their own word.
  • This assignment is an individual assignment.
  • Citing of references is also necessary in APA style.

i wane 5 sours APA style

Please follow all the information in the attached file

He wants to read the book to solve the questions. I'll attach the specific part to be able to solve


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College of Administrative and Financial Sciences Assignment 2 Deadline: 28-03-2020 @ 23:59 Course Name: Intro to International Business Student’s Name: Course Code: MGT-321 Student’s ID Number: Semester: II CRN:21215 Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Dr. Mohammad Athar Ali Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Assignment Regulation: • All students are encouraged to use their own word. • Assignment -2 should be submitted on or before the end of Week-11 in Black Board only. • This assignment is an individual assignment. • Citing of references is also necessary in APA style. Assignment Structure: A.No Assignment-2 Total Type Critical Thinking Marks 10 10 Learning Outcomes: • Analyze the effects of culture, politics and economic systems in the context of international business (Lo 1.9 & 2.1) • • Identify the major components of international business management (Lo 1.2) Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6) Critical Thinking Please read Case 2: “Venezuela under Hugo Chávez and Beyond” available in your e-book (page no.611), and answer the following questions: Assignment Question(s): (Marks: 10) 1. Under Chávez’s leadership, what kind of economic system was put in place in Venezuela? How would you characterize the political system? 2. How do you think that Chávez’s unilateral changes to contracts with foreign oil companies will affect future investment by foreigners in Venezuela? 3. How will the high level of public corruption in Venezuela affect future growth rates? 4. During the Chávez years, many foreign multinationals exited Venezuela or reduced their exposure there. What do you think the impact of this has been on Venezuela? What needs to be done to reverse the trend? 5. By 2016, Venezuela’s economy appeared to be on the brink of total collapse. What do you think needs to be done to reverse this? Answer: 1. 2. 3. 4. 5. &&&& ...
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Hugo Chavez’s Rule in Venezuela, Outline
The attached paper contains the following:


Chavez was a self-proclaimed democratic socialist. He won the election by campaigning
against corruption, economic mismanagement, and global capitalism. Under Chavez’s
leadership, Venezuela adopted a purely command economic system.



Any change which is made without consultation of all parties that should take part is known
as a unilateral change. Chavez took control over all foreign oil companies that were in
Venezuela by accusing them of overexploitation of the poor people in the country.



Venezuela’s corruption is well-known. In fact, Transparency International, which ranks the
world’s nations according to the extent of corruption amongst their people, ranked
Venezuela to be 165th out of all the nations ranked, which were 174.



In my opinion, having foreign multinationals exiting Venezuela caused the main impact,
which affected society. Having its people leave the country due to the scarcity of products
and also because of prices caused by inflation that makes it difficult for people to purchase
and even live/survive in the country.



As mentioned previously, I believe that the government should: Regulate price controls,
making living affordable for the Venezuelans.


Running Head: HUGO CHAVEZ’S RULE IN VENEZUELA

Hugo Chavez’s Rule in Venezuela.
Author’s Name
Institutional Affiliation

1

HUGO CHAVEZ’S RULE IN VENEZUELA

2

Hugo Chavez’s Rule in Venezuela.
1.
Chavez was a self-proclaimed democratic socialist. He won the election by campaigning
against corruption, economic mismanagement, and global capitalism. Under Chavez’s leadership,
Venezuela adopted a purely command economic system. When a government plans all its
production ranging from goods to services, all of the quantity of produce, and set the prices to the
same goods, is known as a command economy. His leadership was mainly a form of socialism,
and he channeled much of the oil revenues to the people. This kind of leadership involves
centralized economic, some development in infrastructure and development of human capital.
With the state having control of every vital means of production in Venezuela from sugar to oil
and rice, the government did not pay the relevant owners in those fields of production and was
bound to fail. Venezuela ranks high in jurisdictions that have regulated economies across the
world. Additionally, the purpose and objective of this economic style is for the government to
allocate resources to keep “the goof of society.” The way I would characterize the political system
as a socialist. Why? Well, due to the fact that Chavez took...

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